23 July 2021 – Indices surged to new All-time highs
Summary (Weekly Chart)
$DJT – Sideward Trend with downward momentum. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – DownTrend with downward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum and new All-Time high. /ES – UpTrend with upward momentum and new all-Time high.
The S&P 500 and Nasdaq 100 are making new all-time highs. The Dow Transportation and Russell is still trending sideways or downwards.
/CL – UpTrend with upward momentum. /GC – Sideward Trend with downward momentum. /ZB – UpTrend with upward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Both HYG and DBC are in an UpTrend and as such the upTrend is intact.
$DXY – UpTrend with upward momentum and. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with upward momentum and in a Squeeze.
US Dollar is now in an Uptrend.
Summary (Daily Chart) $DJT – UpTrend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – DownTrend with sideward momentum. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – Sideward Trend with downward momentum and in a preliminary Squeeze. /ZB – UpTrend with upward momentum. HYG – UpTrend with upward momentum. DBC – UpTrend with downward momentum and in a preliminary Squeeze.
Oil is in an UpTrend. Commodities are turning upward. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
$DXY – UpTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum and in a preliminary Squeeze.
Market Internals (Daily Chart) Market Sentiment – Extremely Bullish . Put/Call ratio – 0.606. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 159.44. Vix – 17.2.
Market Internals are showing strength.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLV, /NQ, /ES, XLY, /YM, XLP, XLU, XLI, /RTY, XLF, $DJT, XLB and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLV, /NQ, /ES, /YM, XLY, XLP, XLI, XLF, /RTY, XLU, $DJT, XLB and XLE.
23 July 2021 – Indices surged to new All-time highs
Summary (Weekly Chart)
$DJT – Sideward Trend with downward momentum. /YM – UpTrend with upward momentum and in a preliminary Squeeze. /RTY – DownTrend with downward momentum and in a tight Squeeze. /NQ – UpTrend with upward momentum and new All-Time high. /ES – UpTrend with upward momentum and new all-Time high.
The S&P 500 and Nasdaq 100 are making new all-time highs. The Dow Transportation and Russell is still trending sideways or downwards.
/CL – UpTrend with upward momentum. /GC – Sideward Trend with downward momentum. /ZB – UpTrend with upward momentum. HYG – UpTrend with upward momentum and in a preliminary Squeeze. DBC – UpTrend with upward momentum.
Both HYG and DBC are in an UpTrend and as such the upTrend is intact.
$DXY – UpTrend with upward momentum and. EUR/USD – DownTrend with downward momentum. USD/JPY – UpTrend with upward momentum and in a Squeeze.
US Dollar is now in an Uptrend.
Summary (Daily Chart)
$DJT – UpTrend with upward momentum and in a preliminary Squeeze. /YM – UpTrend with upward momentum and in a Squeeze. /RTY – DownTrend with sideward momentum. /NQ – UpTrend with upward momentum and in a preliminary Squeeze. /ES – UpTrend with upward momentum and in a preliminary Squeeze.
/CL – UpTrend with upward momentum and in a preliminary Squeeze. /GC – Sideward Trend with downward momentum and in a preliminary Squeeze. /ZB – UpTrend with upward momentum. HYG – UpTrend with upward momentum. DBC – UpTrend with downward momentum and in a preliminary Squeeze.
Oil is in an UpTrend. Commodities are turning upward. High Yield bond (HYG) which measures market appetite for risk is trending upwards. It is a risk-on market.
$DXY – UpTrend with upward momentum and in a preliminary Squeeze. EUR/USD – DownTrend with downward momentum and in a preliminary Squeeze. USD/JPY – UpTrend with upward momentum and in a preliminary Squeeze.
Market Internals (Daily Chart)
Market Sentiment – Extremely Bullish . Put/Call ratio – 0.606. Market Breadth – sloping downward showing more losers than gainers. Volume Acc/Dis – sloping downward and showing distribution. Skew – 159.44. Vix – 17.2.
Market Internals are showing strength.
Relative Strength – Sectors On a 3-monthly lookback, the relative strength order of the S&P ETF 500 sectors are XLK, XLV, /NQ, /ES, XLY, /YM, XLP, XLU, XLI, /RTY, XLF, $DJT, XLB and XLE.
On a 12-monthly lookback, the relative strength order of the S&P 500 ETFs are XLK, XLV, /NQ, /ES, /YM, XLY, XLP, XLI, XLF, /RTY, XLU, $DJT, XLB and XLE.
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